Orgel Wealth Management LLC Cuts Stock Holdings in iShares Morningstar Mid-Cap Growth ETF $IMCG

Orgel Wealth Management LLC lessened its stake in iShares Morningstar Mid-Cap Growth ETF (NYSEARCA:IMCG) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 284,164 shares of the company’s stock after selling 7,453 shares during the quarter. iShares Morningstar Mid-Cap Growth ETF comprises approximately 0.5% of Orgel Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Orgel Wealth Management LLC owned approximately 0.69% of iShares Morningstar Mid-Cap Growth ETF worth $27,933,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in shares of iShares Morningstar Mid-Cap Growth ETF by 256.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 2,873,288 shares of the company’s stock worth $229,403,000 after buying an additional 2,068,305 shares during the last quarter. LPL Financial LLC boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 7.0% in the fourth quarter. LPL Financial LLC now owns 2,448,326 shares of the company’s stock valued at $195,474,000 after acquiring an additional 160,038 shares during the last quarter. Morgan Stanley boosted its holdings in iShares Morningstar Mid-Cap Growth ETF by 10.0% in the fourth quarter. Morgan Stanley now owns 1,149,360 shares of the company’s stock valued at $91,765,000 after acquiring an additional 104,588 shares during the last quarter. Raymond James Financial Inc. grew its position in iShares Morningstar Mid-Cap Growth ETF by 3.1% during the third quarter. Raymond James Financial Inc. now owns 1,003,177 shares of the company’s stock valued at $82,993,000 after acquiring an additional 30,585 shares during the period. Finally, Cetera Investment Advisers grew its position in iShares Morningstar Mid-Cap Growth ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 943,563 shares of the company’s stock valued at $74,324,000 after acquiring an additional 26,636 shares during the period.

iShares Morningstar Mid-Cap Growth ETF Price Performance

iShares Morningstar Mid-Cap Growth ETF stock opened at $96.92 on Tuesday. The stock’s 50-day moving average is $97.22 and its 200-day moving average is $90.25. The company has a market cap of $4.00 billion, a price-to-earnings ratio of 28.77 and a beta of 1.13. iShares Morningstar Mid-Cap Growth ETF has a 12 month low of $75.67 and a 12 month high of $100.79.

About iShares Morningstar Mid-Cap Growth ETF

The iShares Morningstar Mid-Cap Growth ETF (IMCG) is an exchange-traded fund that is based on the Morningstar US Mid Cap Broad Growth index. The fund tracks a market cap-weighted index of US mid-cap stocks companies selected based on their growth characteristics. IMCG was launched on Jun 28, 2004 and is managed by BlackRock.